What is the Carbon Protocol? What Does SWTH Do?

What is the Carbon Protocol? Carbon Protocol (SWTH) is a decentralized trading platform for options, bonds and futures. In this article, you can find answers to the questions that investors wonder about what is Carbon Protocol, what it offers, what is SWTH coin, what is it for, how to get it. Koindeks.com we have prepared for you. Let’s explore this decentralized, multi-chain layer-2 trading platform together.

What is the Carbon Protocol?

Carbon Protocol, released by Switcheo Labs, is a layer-2 network. Accordingly, the network is a sidechain built on top of the Tendermint mainnet. This chain basically works in a multi-chain form. It also allows users to trade assets without sacrificing decentralization. The platform enables the trading of advanced trading instruments such as options, futures and bonds.

Carbon Protocol has a number of advanced features as it is a layer-2 chain. For example, it allows for faster processes and lower prices. It also enables the support of advanced financial instruments, advanced order types and mid-chain communication. The network uses Tendermint’s Delegated Proof-of-Stake consensus mechanism. In this way, it supports investment types such as staking. Currently, the network aims to be the main solution for decentralized finance (DeFi) and asset trading.

What does the Carbon Protocol offer?

Carbon Protocol works extremely fast. While the platform has a block time of 1 second, it can handle up to 10,000 processes per second. However, it operates with extremely low gas prices compared to layer-1 networks. By doing this, it provides a more adequate experience to its users. Besides speed and low prices, Carbon makes it possible to process in a multi-chain fashion. The platform currently supports Ethereum, Neo, BNB Chain and Zilliqa. It is also integrated with all networks included in Cosmos’ IBC protocol.

In addition, Carbon Protocol supplements various DeFi artifacts. Users can take advantage of Carbon’s public liquidity pools. These liquidity banks also rely on various Automated Market Maker (AMM) algorithms. Pools offer users efficient liquidity and maximum profit thanks to AMM. Liquidity providers that contribute to the network earn profits from process prices and block rewards. In this case, it is possible to earn passive income.

What is SWTH? What’s the use?

SWTH coin is the native cryptocurrency of the Carbon Protocol platform. The main mission of this cryptocurrency is to maintain the decentralization of the platform. Accordingly, SWTH coin holders have the advantage of participating in the administration of the network. This administration includes submitting proposals to the community and voting on submitted proposals. In addition to governance, SWTH can be staked. In other words, users can earn passive income by locking their tokens into smart contracts. Process prices paid on the network, rewards earned, and mid-chain trading are also provided by SWTH.

What is the Carbon Protocol? How to take SWTH?

The Carbon Protocol is currently operating on a number of cryptocurrency exchange platforms. Among the exchanges that list the SWTH coin, Gate.io, LATOKEN, Uniswap and PancakeSwap stand out. Investors must become a member of one of these exchanges and deposit an asset in the wallet they have created that is suitable for SWTH parities. After that, they can complete the purchase process by placing a purchase order for the token.

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